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Stas Kulish

๐Ÿ‘ค Speaker
385 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

So altogether, I think it's more than 3000, but 350 of them are paying.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

So that's teams, 350 teams.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

Approximately a hundred a month.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

The departments was a huge block on the way and we're trying to solve it so we get into big organizations.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

So far, it's pretty much, yeah, around 100 people paying around 100 a month.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

So this is the regular size of the team and the regular bill.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

Um, and one thing that helps in terms of revenue is actually we integrated automated gift cards purchasing.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

So some of the teams, um, they, they re convert karma into rewards and we get a cut of that.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

So the cashflow is being maintained by automated, uh, rewards.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

And that really helps as well.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

No outside capital.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

Could be, maybe.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

Depends on how this remote thing is going to go.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

Because when COVID started, we had a huge surge.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

And I think this was around the time when we spoke the first time with you.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

And we were really hopeful that this is going to stay.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

But then a year ago, we saw a huge plunge because people, they want to change things.

SaaS Interviews with CEOs, Startups, Founders
Slack Tool KarmaBot Doubles to $400k ARR, Turns Down $1m Offer

It's in their heads.